The Simplified Wealth of Nations of Adam Smith, Book 5, Chapter 1j: The African Company

Chapter 1j: The African Company of Merchants (1752-1821)

  101 Long after the time of Sir Josiah Child, in 1750, a regulated company was established, the present company of merchants trading to Africa. 102 For the first purpose, the fine for admission is limited to 40 shillings. 103 The act's second purpose was the maintenance of forts and garrisons.

Next: Chapter 1k: Private Copartneries